Dalfen Industrial has finalized the disposition of two Denver-area assets totaling approximately 150,000 square feet of industrial space in April 2024.
I-70 Industrial Center was acquired by Dalfen Industrial in August 2019. The industrial center consists of two light industrial-warehouse buildings totaling 77,222 square feet in Denver. The property is in the upper north central industrial submarket directly off Interstate 70 and just a quarter-mile from I-25, the region’s two major highways. It’s also near Denver International Airport as well as both the BNSF and Union Pacific Rail Yards. During its ownership, Dalfen made strategic upgrades and increased net operating income. This sale was arranged by CBRE and purchased by Armstrong Capital Development, a Denver-based real estate fund operator. Other tenants in the area are FedEx Home Delivery and Amerisource Bergen.
Aurora Center I was acquired by Dalfen Industrial in April 2020. It is a 75,000-square-foot, class-A industrial building in Aurora, Colo. This location is ideal for last-mile distribution as it is situated nearly halfway between downtown Denver and Denver International Airport with great access to I-70 and near other major metro arteries I-225, State Highway 470, I-270 and I-25. The 2003 build features side and rear loading, with a fully gated, secured truck court, trailer parking and additional land on the east side of the building that could be used as additional trailer parking or as a potential 30,000-square-foot building expansion. This property was purchased by Wanko, a design, engineering and manufacturing firm through a marketing campaign successfully executed by Cushman & Wakefield. Other tenants in the area are U-Haul and DHL.
“We felt the quality and relatively smaller size of these deals would be well received, and when combined with a lack of competitive offerings, the timing of the sale was ideal,” said John Block, market lead for Denver at Dalfen.
Dalfen Industrial sells two Denver-area assets | News | Institutional Real Estate, Inc. (irei.com)